Tag Archives: unaccounted cash

Newsbeat

Hyderabad: Food Delivery Man Held with Cash

Hyderabad: Food Delivery Man Held with Rs 14.9 Lakh in Unaccounted Cash

Hyderabad: Three individuals were apprehended by Task Force officials in Hyderabad on Thursday night for carrying a total of Rs 35.9 lakh in unaccounted cash during separate incidents.

The first instance involved G. Nagarjuna (30), a food delivery executive from Serilingampally. Nagarjuna, originally from Andhra Pradesh, arrived in the city a month ago to work for a well-known food joint. Acting on instructions from his friend Mastan Vali, who is currently in Kuwait, Nagarjuna collected Rs 14.9 lakh in cash from a plywood store in Mangalhat. The money was intended for an unidentified realtor.

In a separate incident at MJ Market in Abid Road, Noor Mohammed, a scrap dealer from Habeebnagar, and Failsak Mallik, a computer hardware dealer from Mallepally, were caught travelling together on a motorcycle with Rs 21 lakh in unaccounted cash. Police reports indicate that the business partners were unable to provide a legitimate source for the cash or produce any relevant documentation.

Both individuals, along with the seized money, have been handed over to the local police for further investigation.

Source.

Newsbeat

Karimnagar: Police Seize ₹6.65 Crore

Police Seize Rs 6.65 Crore from Karimnagar Multiplex

Karimnagar police conducted a raid on Prathima multiplex early on Saturday morning, reportedly seizing Rs 6.65 crore in unaccounted cash.

Acting on a tip-off, police entered the multiplex around 1:30 am and carried out a search operation. The multiplex is owned by relatives of BRS leader and former MP B Vinod Kumar, who is also known to use the multiplex for political activities.

The timing of the raid, just hours before the announcement of Parliament election polls, has raised questions.

According to Karimnagar Town Assistant Commissioner of Police (ACP) Narender, they received credible information about hidden cash and seized the money based on that tip. The seized amount will be presented in court, and if the source of income is not established, the money will be withheld.

ALSO READ | SBI Share Drops on SC Bond Data Order

Newsbeat

Unaccounted Cash Seized from Telangana Grameena Bank Employees

Police in Kumram Bheem Asifabad, Telangana, seized unaccounted cash of Rs 99 lakh from employees of Telangana Grameena Bank on Monday night. The cash was seized during a random vehicle check at around 9 pm. The employees were shifting the cash from Kagaznagar to Rebbena at the time of the check.

The employees failed to show relevant documents and did not upload details of the shipment online. The cash was handed over to a flying squad team for further action.

This is a significant development, as it raises concerns about financial irregularities in the banking sector. The police are investigating the matter and will take appropriate action against those involved.